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COMMISSIONER GONZALES ANNOUNCES WEEKLY FORMULA RATE June 11, 2019
Tuesday, June 11, 2019 | 08:55am
NASHVILLE--Tennessee Department of Financial Institutions Commissioner Greg Gonzales announced today that the maximum effective formula rate of interest in Tennessee is 9.50 percent per annum. The rate is based on a ceiling of 4 percent over the weekly average prime loan rate of 5.50 percent as published by the Federal Reserve on June 10, 2019.
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News
COMMISSIONER GONZALES ANNOUNCES WEEKLY FORMULA RATE MAY 7, 2019
Tuesday, May 07, 2019 | 09:22am
NASHVILLE--Tennessee Department of Financial Institutions Commissioner Greg Gonzales announced today that the maximum effective formula rate of interest in Tennessee is 9.50 percent per annum. The rate is based on a ceiling of 4 percent over the weekly average prime loan rate of 5.50 percent as published by the Federal Reserve on May 6, 2019.
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